Strive (NASDAQ:ASST) Stock: Insider Jonathan Macey Sells 6,700 Shares

Key Points

• Director Jonathan Macey sold 6,700 Strive shares at an average price of $30.32, totaling $203,144. The transaction reduced his direct ownership by 45.22% to 8,115 shares.
• Strive shares traded near $30.26, while the stock showed substantial volatility, with a 52-week range of $7.02 to $54.80. The company’s latest quarterly results missed expectations, reporting a loss of $3.65 per share versus the $0.95 consensus estimate.
• Analysts maintain a generally positive view, with five Buy ratings and an average “Moderate Buy” rating, though the average price target of $29.80 is below the recent share price. Strive is also increasing its Bitcoin exposure after purchasing approximately 2,000 Bitcoin for $169 million.

Strive, Inc. (NASDAQ:ASST - Get Free Report) Director Jonathan Macey sold 6,700 shares of the business's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of the sale, the director directly owned 8,115 shares of the company's stock, valued at approximately $246,046.80. This trade represents a 45.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Strive Stock Performance

NASDAQ ASST traded up $0.23 during trading hours on Monday, hitting $30.26. The company had a trading volume of 9,556,442 shares, compared to its average volume of 8,253,386. The business has a 50 day moving average of $21.66 and a 200-day moving average of $16.53. The company has a market cap of $2.59 billion, a PE ratio of -3.42 and a beta of 13.26. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $54.80.

Strive (NASDAQ:ASST - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts' consensus estimates of ($0.95) by ($2.70). Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%.The firm had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Sell-side analysts expect that Strive, Inc. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ASST. Benchmark reiterated a "buy" rating on shares of Strive in a research note on Thursday, August 20th. Weiss Ratings upgraded shares of Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th. B. Riley Financial lifted their target price on shares of Strive from $26.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, September 22nd. HC Wainwright reduced their price target on shares of Strive from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Finally, TD Cowen reiterated a "buy" rating on shares of Strive in a research report on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.80.

Trending Headlines about Strive

Here are the key news stories impacting Strive this week:

• Positive Sentiment: Strive acquired 2,000 Bitcoin for approximately $169 million between September 28 and October 2, its largest purchase since June. The transaction increases the company’s exposure to Bitcoin prices and supports its strategy of building a crypto-focused treasury. Strive Buys 2,000 Bitcoin for $169 Million
• Positive Sentiment: The company also announced a SATA share buyback while expanding its Bitcoin holdings. A repurchase program could support per-share value and signals management’s willingness to use capital to enhance shareholder returns, although its ultimate impact depends on the size and execution of the program. Strive Expands Bitcoin Holdings and Launches SATA Buyback
• Neutral Sentiment: Coverage highlights accelerating corporate Bitcoin purchases by Strive, Strategy and Metaplanet, reinforcing the sector narrative but also emphasizing that ASST remains highly sensitive to Bitcoin volatility. Corporate Bitcoin Buying Accelerates
• Negative Sentiment: Several insiders reported sales totaling roughly 101,000 shares worth about $3.17 million. The sellers included CEO Matthew Cole, CFO Benjamin Pham, CMO Arshia Sarkhani and directors James Lavish and Jonathan Macey. Most executive sales were identified as tax-withholding transactions tied to equity vesting, which reduces their bearish significance, but the combined selling and sizable ownership reductions could still create an overhang.

Hedge Funds Weigh In On Strive

A number of hedge funds and other institutional investors have recently made changes to their positions in ASST. State Street Corp acquired a new position in Strive in the 2nd quarter valued at about $16,395,000. The Manufacturers Life Insurance Company acquired a new stake in Strive during the 2nd quarter worth approximately $179,000. Squarepoint Ops LLC acquired a new stake in Strive during the 2nd quarter worth approximately $1,394,000. Allworth Financial LP purchased a new position in shares of Strive in the 2nd quarter valued at approximately $66,000. Finally, Corient Private Wealth LP purchased a new position in shares of Strive in the 2nd quarter valued at approximately $448,000. Hedge funds and other institutional investors own 5.52% of the company's stock.

About Strive

Strive, Inc is a financial services company operating under the Strive brand. Its business is focused on providing investment management and related financial products, with an emphasis on long-term capital preservation, shareholder rights and policies intended to promote value creation for investors.

The company's activities include asset management and the development of investment vehicles designed to give clients exposure to selected investment strategies and markets. Strive has also pursued a Bitcoin-focused treasury strategy, making digital assets an important part of its corporate and investment positioning.

Strive's current public-company structure resulted from the combination of Strive Enterprises and Asset Entities Inc, a social media and digital marketing company whose Nasdaq-listed shares traded under the symbol ASST.

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